Author Archives: Michael Foley

“Consumer Confidence Falls In Early May Amid Inflation Fears” –U.S. News, May 14, 2021. Do you know what else has fallen along with consumer confidence? The stock market and Bitcoin. ​​Between May 7 and May 12, the Dow shed nearly 1,200 points. In just ten days, starting on May 9, Bitcoin plunged more than 40%. While consumer […]

Saving won’t make you rich. Saving is just delaying gratification. It’s not an emergency plan, not a wealth plan. Instead of spending your money now, you’re saving it for some time in the future. You’re saving for a rainy day… The problem is saving won’t make you wealthy. It won’t give you the ability to live […]

At least one person is not a fan of all the stimulus spending and the crazy stock crypto speculation that has resulted from it. Charlie Munger, 97, Warren Buffett’s right-hand man, had this to say about the combination of federal spending and low-interest rates feeding the speculating frenzy in the stock and crypto markets: “It’s […]

The stock market is on a tear – continually breaking all-time highs since the beginning of the year. ​​But, unfortunately, the massive trading volume is keeping the cats on Wall Street flat. They want to keep this gravy train going as long as possible, but there’s a significant threat looming on the horizon – inflation. […]

His nickname may be Shady, but there’s nothing shady about Lesean McCoy’s business acumen… Shady has the distinction of playing on the last two Super Bowl-winning teams. He didn’t play a single snap in either game, but he earned Super Bowl rings for being on the roster. I guess you could say he mastered the […]

Three rounds of stimulus packages have pumped more than $5 trillion of newly minted money into the financial markets. And if you look at the stock market and bitcoin’s price, it’s not hard to see where bored and novice investors are putting their stimulus checks. Since the stock market bottomed out last March in the […]

According to a recent Bankrate survey, more than half of Americans lose sleep over their finances – with healthcare, expenses, and saving for retirement among the biggest worries. This Bankrate survey was conducted in 2019 – before the COVID pandemic. Those numbers are undoubtedly higher now – a year after the start of the pandemic and one of the worst […]

The difference between the elite investors and the average retail investor is that the right time to invest is always now for elite investors. The retail investor is preoccupied with timing the market. They are always questioning whether there is a good time to be investing. Take the current Wall Street investing environment, for example. […]

If recent memory is any indication, we can expect to see a seismic shift where investors place their capital very soon. Recent patterns have shown investors’ drastic shifts from overvalued equities to under-valued tangible assets such as commodities, private businesses, and real assets once equities hit bubble territory. Two of the most recent examples were the dot-com […]

If I could name one factor, one defining differentiator that separates the rich from the middle-class, the rich accumulate wealth while the middle class accumulates toys. Everything else revolves around this one central theme. The person with the big house, the European cars, the fancy clothes, and the exotic vacations aren’t rich – they have […]